{
    "success": true,
    "data": {
        "id": 1065633,
        "msgid": "investments-canceled-1447893297",
        "date": "1996-07-29 00:00:00",
        "title": "Investments canceled",
        "author": null,
        "source": "JP",
        "tags": null,
        "topic": null,
        "summary": "Investments canceled It would be interesting to find out why during the first half of 1996 the number of investors, both foreign and domestic, who canceled their investment plans increased so drastically compared to the same period last year. Whereas between Jan.1 and July 15 last year the total of foreign investments that were canceled totaled only US$29.3 million, that value jumped by 1,464.8 percent during the same period this current year.",
        "content": "<p>Investments canceled<\/p>\n<p>It would be interesting to find out why during the first half<br>\nof 1996 the number of investors, both foreign and domestic, who<br>\ncanceled their investment plans increased so drastically compared<br>\nto the same period last year. Whereas between Jan.1 and July 15<br>\nlast year the total of foreign investments that were canceled<br>\ntotaled only US$29.3 million, that value jumped by 1,464.8<br>\npercent during the same period this current year. For domestic<br>\ninvestments the value rose by 12.5 percent this year.<\/p>\n<p>Although according to Wardijasa, Assistant to the Minister of<br>\nInvestment\/ Chairman of the Investment Coordinating Board, the<br>\ncancellations were generally due to financial constraints and<br>\nunfavorable market survey findings, one cannot simply disregard<br>\nthe non-technical aspects that may be involved. Investment<br>\ndecisions are closely related to the social, cultural, political<br>\nand even security and defense aspects affecting a country. It<br>\nseems that policies encouraging investment are not enough.<br>\nPolicies are also needed that affirm legal security as well as<br>\nother aspects besides purely technical ones to help create a<br>\nclimate that is more conducive to investment.<\/p>\n<p>Stability is a prerequisite for making investors feel at home<br>\nin this country, while the present situation does not seem to<br>\nsupport such stability. It appears that we need to apply greater<br>\nwisdom in trying to preserve the balance so that the social<br>\ndynamics at work pending next year's general elections do not<br>\nspoil the favorable investment climate that is needed by<br>\ninvestors, particularly foreign.<\/p>\n<p>-- Bisnis Indonesia, Jakarta<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/investments-canceled-1447893297",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}